When financing a home, people handle immense sums of money. Financing can be requested directly from a bank or with the effort of an intermediary.
Quite officially, since last year, intermediaries must disclose their commissions for real estate loans. It is to be considered that mediators live basically only from these commissions. On the basis of the ESIS, the "European standardized information sheet", customers can understand which commissions flow. This commission is borne by the customer and is added to the loan amount.
Commission
At the first moment, a commission of, for example, € 1 falls.000 does not weigh heavily on an initial loan amount of 100.000 Euro. But it does not remain with these 1.000 euros. Just like the entire loan, the commissions also accrue interest and then the original 1000 euros quickly becomes 1250,- or more.
Compare
Who now thinks that banks do not let themselves pay extra for their service, is mistaken. Here, too, a certain percentage is always due for processing, advice and fee. This is also financed by the interest. Therefore, customers always pay the (labor) lines of bank employees and intermediaries.
Here it is to be recommended to everyone to itself several offers to let and the prices to compare, since the demanded interest heights, commission heights etc. can differ significantly. A four- or five-digit sum of difference is quickly accumulated in this way.
Reasons for the intermediary
But if both the bank and the intermediary have their services paid for separately, why can intermediaries be the better alternative?
The commission is basically not a decisive factor. The big difference between a bank and an intermediary lies in service. Agents know basically completely exactly with which bank the probability of the permission of a loan is to be estimated highest. Likewise, these know how long this test lasts approximately. This is important information to have a real chance to start with the construction or to finally be able to call the property his own.
Repayment
In addition, agents have access to a wide range of offers. Since a construction financing is dependent on numerous factors such as income of the borrower, height of the repayment installments, family planning etc., it is important to know how much the borrower can afford. exists no blanket offer, which is equally suitable for each prospective customer. Based on the available data, an agent can fish out the best deal for his customer from a pool of offers. A bank can only ever present its own offer. While an intermediary has access to numerous offers, usually from 10 to 15 lenders, the builder would have to go to each bank individually and get quotes. Due to this it is worthwhile itself already to set on a mediator, if these no utopian commissions requires.